Vault-13

VANECK ETF TRUST SMH

SEMICONDUCTR ETF · ETP · CUSIP 92189F676 · ISIN US92189F6768

560 institutional holders +31 vs Q2 2023
45,411,44245.4m shares reported held*
$6.6bnreported value*
76 new 207 added 153 reduced 48 sold out net bought ≈ $940.8m (+6.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $144.45. Options: 40 managers hold calls ($2.0bn notional), 55 hold puts ($2.5bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 390Q4 22: 432Q1 23: 488Q2 23: 529Q3 23: 560560Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022390
Q4 2022432
Q1 2023488
Q2 2023529
Q3 2023560

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 212 bought or addedQ4 22: 203 cut or sold outQ4 22Q1 23: 272 bought or addedQ1 23: 199 cut or sold outQ1 23Q2 23: 265 bought or addedQ2 23: 225 cut or sold outQ2 23Q3 23: 283 bought or addedQ3 23: 201 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022212203
Q1 2023272199
Q2 2023265225
Q3 2023283201

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bn$4bnQ4 22 calls: $1.6bnQ4 22 puts: $2.0bnQ4 22P/C 1.29Q1 23 calls: $1.9bnQ1 23 puts: $3.0bnQ1 23P/C 1.57Q2 23 calls: $1.8bnQ2 23 puts: $3.0bnQ2 23P/C 1.72Q3 23 calls: $2.0bnQ3 23 puts: $2.5bnQ3 23P/C 1.25
Numbers
QuarterCallsPutsP/C
Q4 2022$1.6bn$2.0bn1.29
Q1 2023$1.9bn$3.0bn1.57
Q2 2023$1.8bn$3.0bn1.72
Q3 2023$2.0bn$2.5bn1.25

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +4,453,581+4.5m
TWO SIGMA INVESTMENTS, LP Added +1,115,780+1.1m
TWO SIGMA ADVISERS, LP Added +974,900+974.9k
CI INVESTMENTS INC. Added +970,943+970.9k
CITIGROUP INC Added +675,994+676.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +396,839+396.8k
Fisher Asset Management, LLC Added +372,793+372.8k
Piedmont Capital Management, LLC Added +326,989+327.0k
JPMORGAN CHASE & CO Added +311,698+311.7k
J. Goldman & Co LP New +254,038+254.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -1,208,928-1.2m
GOLDMAN SACHS GROUP INC Reduced -708,600-708.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -607,186-607.2k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -500,000-500.0k
MORGAN STANLEY Reduced -420,418-420.4k
MILLENNIUM MANAGEMENT LLC Sold out -391,979-392.0k
CITADEL ADVISORS LLC Reduced -343,788-343.8k
Parallax Volatility Advisers, L.P. Reduced -307,445-307.4k
EP Wealth Advisors, LLC Reduced -255,717-255.7k
MEITAV INVESTMENT HOUSE LTD Reduced -248,065-248.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $466.6m3.2m shares
CITADEL ADVISORS LLC Added $396.1m2.7m shares
CAPITAL FUND MANAGEMENT S.A. Added $165.1m1.1m shares
BNP PARIBAS FINANCIAL MARKETS Added $154.9m10.7k shares
BANK OF AMERICA CORP /DE/ Added $69.4m478.5k shares
PEAK6 Investments LLC Reduced $66.9m461.4k shares
Walleye Trading LLC Reduced $59.4m409.6k shares
BARCLAYS PLC New $53.8m370.8k shares
LMR Partners LLP Reduced $52.2m360.0k shares
WOLVERINE TRADING, LLC Reduced $47.2m325.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $510.9m3.5m shares
CITADEL ADVISORS LLC Reduced $494.8m3.4m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $308.0m21.2k shares
CAPITAL FUND MANAGEMENT S.A. Added $135.3m933.5k shares
MILLENNIUM MANAGEMENT LLC Reduced $129.5m893.3k shares
Walleye Capital LLC Added $112.5m776.1k shares
BANK OF AMERICA CORP /DE/ Added $96.5m665.7k shares
GTS SECURITIES LLC New $79.2m546.0k shares
DRW Securities, LLC Added $67.1m462.7k shares
WOLVERINE TRADING, LLC Reduced $60.1m414.4k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 12,311,86212.3m $1.8bn $1.8bn 0.22% Added +4.5m +4,453,581
2 Fisher Asset Management, LLC 0.34% of their portfolio PLANO, TX 4,084,5674.1m $592.2m $592.2m 0.34% Added +372.8k +372,793
3 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 1,998,9342.0m $289.8m $289.8m 0.07% Reduced -708.6k -708,600
4 JANE STREET GROUP, LLC 0.41% of their portfolio NEW YORK, NY 1,804,8581.8m $261.7m $261.7m 0.41% Reduced -1.2m -1,208,928
5 CI INVESTMENTS INC. 1.26% of their portfolio TORONTO, Z4 1,553,3031.6m $225.2m $225.2m 1.26% Added +970.9k +970,943
6 UBS Group AG 0.09% of their portfolio ZURICH, V8 1,313,2301.3m $190.4m $190.4m 0.09% Added +191.5k +191,540
7 CITIGROUP INC 0.24% of their portfolio NEW YORK, NY 1,155,8221.2m $167.6m $167.6m 0.24% Added +676.0k +675,994
8 TWO SIGMA INVESTMENTS, LP 0.46% of their portfolio NEW YORK, NY 1,138,7001.1m $165.1m $165.1m 0.46% Added +1.1m +1,115,780
9 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.73% of their portfolio TORONTO, A6 1,110,0001.1m $160.9m $160.9m 0.73% Reduced -500.0k -500,000
10 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,093,1361.1m $158.5m $158.5m 0.02% Added +311.7k +311,698
11 TWO SIGMA ADVISERS, LP 0.37% of their portfolio NEW YORK, NY 987,136987.1k $143.1m $143.1m 0.37% Added +974.9k +974,900
12 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 986,486986.5k $143.0m $143.0m 0.01% Reduced -420.4k -420,418
13 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 892,311892.3k $129.4m $129.4m 0.09% Added +65.6k +65,556
14 Main Management ETF Advisors, LLC 6.19% of their portfolio SAN FRANCISCO, CA 600,780600.8k $87.1m $87.1m 6.19% Added +30.6k +30,600
15 CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio TORONTO ONTARIO, A6 540,000540.0k $78.3m $78.3m 0.11% Unchanged
16 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 429,553429.6k $62.3m $62.3m 0.07% Reduced -343.8k -343,788
17 Thrivent Financial for Lutherans 0.15% of their portfolio Minneapolis, MN 426,538426.5k $61.8m $61.8m 0.15% Reduced -9.5k -9,472
18 Migdal Insurance & Financial Holdings Ltd. 1.31% of their portfolio Petach Tikva, L3 422,000422.0k $61.2m $61.2m 1.31% Reduced -7.0k -7,000
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 413,018413.0k $59.9m $59.9m 0.09% Added +396.8k +396,839
20 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 372,643372.6k $54.0m $54.0m 0.02% Added +28.0k +27,968
21 Piedmont Capital Management, LLC 22.26% of their portfolio WHITEFISH, MT 368,073368.1k $27.9m $27.9m 22.26% Added +327.0k +326,989
22 MEITAV INVESTMENT HOUSE LTD 0.85% of their portfolio BENE-BERAQ, L3 360,177360.2k $52.3m $52.3m 0.85% Reduced -248.1k -248,065
23 Main Management LLC 4.66% of their portfolio SAN FRANCISCO, CA 317,031317.0k $46.0m $46.0m 4.66% Added +714 +714
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 269,171269.2k $39.0m $39.0m 0.01% Reduced -41.5k -41,506
25 Main Management Fund Advisors LLC 11.26% of their portfolio SAN FRANCISCO, CA 267,100267.1k $38.7m $38.7m 11.26% Added +36.0k +36,000
26 Portfolio Strategies, Inc. 7.30% of their portfolio MONTVALE, NJ 261,341261.3k $37.9m $37.9m 7.30% Reduced -1.1k -1,099
27 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 260,130260.1k $37.7m $37.7m 0.08% Reduced -607.2k -607,186
28 CIBC WORLD MARKET INC. 0.13% of their portfolio TORONTO, A6 258,105258.1k $37.4m $37.4m 0.13% Added +8.6k +8,605
29 J. Goldman & Co LP 1.84% of their portfolio NEW YORK, NY 254,038254.0k $36.8m $36.8m 1.84% New
30 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 224,140224.1k $32.5m $32.5m 0.13% Reduced -2.9k -2,904
31 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 218,488218.5k $31.7m $31.7m 0.05% Added +18.0k +18,017
32 LMR Partners LLP 0.68% of their portfolio LONDON, X0 207,932207.9k $30.1m $30.1m 0.68% Added +7.9k +7,880
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 206,617206.6k $30.0m $30.0m 0.04% Added +48.6k +48,572
34 Twin Tree Management, LP 0.95% of their portfolio DALLAS, TX 195,651195.7k $28.4m $28.4m 0.95% Added +14.8k +14,804
35 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 192,304192.3k $27.9m $27.9m 0.13% Added +70.4k +70,435
36 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 182,492182.5k $26.5m $26.5m 0.07% Added +175.5k +175,520
37 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 181,822181.8k $26.4m $26.4m 0.05% Added +70.1k +70,071
38 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 179,040179.0k $26.0m $26.0m 0.01% Reduced -63.7k -63,687
39 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 173,791173.8k $25.2m $25.2m 0.02% Added +13.6k +13,634
40 Diversified, LLC 6.24% of their portfolio Wilmington, DE 165,991166.0k $24.1m $24.1m 6.24% Added +2.2k +2,233
41 BlackRock Inc. 0.00% of their portfolio New York, NY 158,996159.0k $23.1m $23.1m 0.00% Unchanged
42 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 155,049155.0k $22.5m $22.5m 0.01% Added +15.3k +15,311
43 Cetera Advisors LLC 0.35% of their portfolio DENVER, CO 154,721154.7k $22.4m $22.4m 0.35% Added +33.2k +33,161
44 EHP Funds Inc. 10.52% of their portfolio TORONTO, Z4 153,700153.7k $22.3m $22.3m 10.52% Added +93.7k +93,700
45 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 144,846144.8k $21.0m $21.0m 0.04% Added +9.9k +9,853
46 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.61% of their portfolio Tel Aviv, L3 129,500129.5k $18.8m $18.8m 1.61% New
47 Foundations Investment Advisors, LLC 0.55% of their portfolio PHOENIX, AZ 123,712123.7k $17.9m $17.9m 0.55% Added +121.7k +121,691
48 NewEdge Wealth, LLC 0.55% of their portfolio STAMFORD, CT 119,996120.0k $17.4m $17.4m 0.55% Added +4.7k +4,713
49 J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio SAN FRANCISCO, CA 105,259105.3k $15.3m $15.3m 0.04% Reduced -1.8k -1,808
50 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 104,319104.3k $15.1m $15.1m 0.01% Reduced -44.0k -44,016
51 Cavalier Investments, LLC 5.29% of their portfolio ALPHARETTA, GA 93,28893.3k $13.5m $13.5m 5.29% Added +3.4k +3,420
52 Kraft, Davis & Associates, LLC 4.97% of their portfolio St. Louis, MO 92,41992.4k $13.2m $13.2m 4.97% Reduced -462 -462
53 DRW Securities, LLC 1.05% of their portfolio CHICAGO, IL 91,42291.4k $13.3m $13.3m 1.05% New
54 Round Rock Advisors LLC 4.86% of their portfolio WILTON, CT 88,30888.3k $12.8m $12.8m 4.86% Reduced -321 -321
55 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 88,07988.1k $12.8m $12.8m 0.07% Added +78.0k +77,968
56 GTS SECURITIES LLC 0.26% of their portfolio NEW YORK, NY 86,69386.7k $12.6m $12.6m 0.26% Added +43.2k +43,206
57 EDMOND DE ROTHSCHILD HOLDING S.A. 0.24% of their portfolio CHAMBESY, V8 82,31082.3k $11.9m $11.9m 0.24% Added +40.1k +40,108
58 Miller Investment Management, LP 1.79% of their portfolio WEST CONSHOHOCKEN, PA 78,62078.6k $11.4m $11.4m 1.79% Reduced -722 -722
59 Anfield Capital Management, LLC 5.39% of their portfolio IRVINE, CA 77,96978.0k $11.3m $11.3m 5.39% New
60 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 74,12774.1k $10.7m $10.7m 0.06% Added +11.1k +11,082
61 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 70,20770.2k $10.2m $10.2m 0.05% Reduced -54.9k -54,901
62 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 1.03% of their portfolio SINGAPORE, U0 69,51269.5k $10.1m $10.1m 1.03% New
63 EWG Elevate Inc. 4.55% of their portfolio ROSEVILLE, CA 69,48269.5k $10.1m $10.1m 4.55% New
64 TD Waterhouse Canada Inc. 0.10% of their portfolio TORONTO, A6 63,25963.3k $9.8m $9.8m 0.10% Reduced -18.8k -18,843
65 Cetera Advisor Networks LLC 0.06% of their portfolio EL SEGUNDO, CA 61,89061.9k $9.0m $9.0m 0.06% Added +15.0k +15,046
66 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 59,36259.4k $8.6m $8.6m 0.02% Added +7.8k +7,793
67 HARBOUR INVESTMENTS, INC. 0.41% of their portfolio MADISON, WI 56,78056.8k $8.2m $8.2m 0.41% Reduced -4.0k -3,960
68 BLAIR WILLIAM & CO/IL 0.03% of their portfolio CHICAGO, IL 55,63955.6k $8.1m $8.1m 0.03% Added +19.2k +19,151
69 LYELL WEALTH MANAGEMENT, LP 1.07% of their portfolio MENLO PARK, CA 54,70254.7k $7.9m $7.9m 1.07% Reduced -390 -390
70 Capula Management Ltd 0.50% of their portfolio Grand Cayman, E9 53,00053.0k $7.7m $7.7m 0.50% Not comparable
71 Empowered Funds, LLC 0.22% of their portfolio NEWTOWN SQUARE, PA 52,34852.3k $7.6m $7.6m 0.22% New
72 Rezny Wealth Management, Inc. 2.67% of their portfolio Fort Myers, FL 52,25852.3k $7.6m $7.6m 2.67% Added +1.4k +1,429
73 Rothschild Capital Partners, LLC 2.94% of their portfolio NEW YORK, NY 51,87051.9k $7.5m $7.5m 2.94% Unchanged
74 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 49,45049.5k $7.2m $7.2m 0.08% Added +4.0k +3,982
75 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 47,38747.4k $6.9m $6.9m 0.06% Reduced -557 -557
76 One Capital Management, LLC 0.30% of their portfolio WESTLAKE VILLAGE, CA 47,26347.3k $6.9m $6.9m 0.30% Reduced -84 -84
77 Yarbrough Capital, LLC 0.40% of their portfolio FRANKLIN, TN 46,98847.0k $6.8m $6.8m 0.40% Unchanged
78 Intrua Financial, LLC 1.20% of their portfolio Houston, TX 45,78745.8k $6.6m $6.6m 1.20% Reduced -692 -692
79 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 45,70145.7k $6.6m $6.6m 0.02% Reduced -4.7k -4,670
80 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 45,27845.3k $6.6m $6.6m 0.01% Added +605 +605
81 Prospera Financial Services Inc 0.25% of their portfolio Dallas, TX 44,69444.7k $6.5m $6.5m 0.25% Added +4.7k +4,688
82 Parallax Volatility Advisers, L.P. 0.23% of their portfolio San Francisco, CA 44,59144.6k $6.5m $6.5m 0.23% Reduced -307.4k -307,445
83 Lombard Odier Asset Management (USA) Corp 1.04% of their portfolio New York, NY 41,93341.9k $6.1m $6.1m 1.04% New
84 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 41,23541.2k $6.0m $6.0m 0.01% Reduced -4.3k -4,317
85 KWMG, LLC 0.73% of their portfolio OVERLAND PARK, KS 40,11440.1k $5.8m $5.8m 0.73% Reduced -658 -658
86 Bluesphere Advisors LLC 4.15% of their portfolio EAST NORRITON, PA 39,79439.8k $5.8m $5.8m 4.15% Added +500 +500
87 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 39,47339.5k $5.7m $5.7m 0.04% Added +659 +659
88 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 39,13039.1k $5.7m $5.7m 0.01% Added +746 +746
89 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 39,10039.1k $5.7m $5.7m 0.03% Added +1.9k +1,901
90 AGUR PROVIDENT & TRAINING FUNDS MANAGEMENT LTD 1.76% of their portfolio TEL AVIV, L3 38,57538.6k $5.6m $5.6m 1.76% New
91 Robertson Stephens Wealth Management, LLC 0.37% of their portfolio San Francisco, CA 38,06938.1k $5.5m $5.5m 0.37% Added +2.8k +2,848
92 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 37,84437.8k $5.5m $5.5m 0.05% Added +5.5k +5,464
93 Joseph P. Lucia & Associates, LLC 3.79% of their portfolio Yorktown Heights, NY 37,41637.4k $5.4m $5.4m 3.79% Added +386 +386
94 Fifth Third Securities, Inc. 0.59% of their portfolio Cincinnati, OH 36,68336.7k $5.3m $5.3m 0.59% Added +3.8k +3,813
95 MMBG INVESTMENT ADVISORS CO. 0.66% of their portfolio MIAMI, FL 35,93635.9k $5.2m $5.2m 0.66% Unchanged
96 Ciovacco Capital Management LLC 4.27% of their portfolio ATLANTA, GA 35,48835.5k $5.1m $5.1m 4.27% Added +6.0k +5,985
97 Plotkin Financial Advisors, LLC 4.48% of their portfolio CHEVY CHASE, MD 35,14035.1k $5.1m $5.1m 4.48% Reduced -1.1k -1,118
98 Weiss Multi-Strategy Advisers LLC 0.12% of their portfolio NEW YORK, NY 34,00034.0k $4.9m $4.9m 0.12% New
99 Mariner, LLC 0.01% of their portfolio Overland Park, KS 33,41533.4k $4.8m $4.8m 0.01% Added +742 +742
100 Kozak & Associates, Inc. 1.78% of their portfolio HIGHLANDS RANCH, CO 32,83432.8k $4.9m $4.9m 1.78% Added +23.0k +23,002